(Answered) Question - the standard direct labor cost for producing one

Accounting

Question - The standard direct labor cost for producing one unit of product is 6 direct labor hours at a standard rate of pay of $12. Last month, 12,000 units were produced and 70,000 direct labor hours were actually worked at a total cost of $1,020,000. Compute the direct labor quantity variance was

a. $24,000 unfavorable.

b. $156,000 unfavorable.

c. $156,000 favorable.

d. $24,000 favorable.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M93072360
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - bryant leased equipment that had a retail cash

Question - Bryant leased equipment that had a retail cash selling price of $740,000 and a useful life of five years with no residual value. The lessor paid $600,000 to acquire the equipment and used an implicit rate of 7 ...

Question public companies have to file their annual reports

Question: Public companies have to file their annual reports to the Securities and Exchange Commission. There are rules that companies are required to follow. Domestic issuers must submit annual reports on Form 10-K, qua ...

Assessment task individual reflective pieceindividual

Assessment task: Individual Reflective Piece Individual Responsible Leadership Model For your individual assignment, you are required to submit a reflective piece. In your write-up you should include the following requir ...

Question - lilly owns a hair dressing business she

Question - Lilly owns a hair dressing business. She purchases the following items for sole use in the hair dressing business: One special stand alone hairdryer on the 1st of July at a cost of $12,000. It has an estimated ...

Question - on january 2 2017 alpha corporation issued 15000

Question - On January 2, 2017, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On July 1, 2017, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, ...

Have you ever been involved in the budget process at your

Have you ever been involved in the budget process at your organization? If so, describe your role and responsibilities. Do you think people at your level in the organization should provide budget inputs, and why or why n ...

Question - ivanhoe inc manufactures cycling equipment

Question - Ivanhoe Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a c ...

Myob assignmentassessment purposethis assignment is an

MYOB Assignment Assessment Purpose This assignment is an individual assessment assessing your learning from the MYOB tutorials and Pabst & Perrin text by completing the February transactions and end of month processing. ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Question - during the year ended 30 june 2015 harry ltd

Question - During the year ended 30 June 2015 Harry Ltd, pays quarterly PAYG tax installments as follows: $6000 on 28 July 2014 $2000 on 28 October 2014 $8000 on 28 February 2015 $10 000 on 28 April 2015. On 30 June 2015 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert